ZIP 37040 - 860Z200US37040 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 37040, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a blend of suburban growth and diverse community characteristics. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, housing metrics, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your next steps in ZIP 37040.

Population & Households

ZIP 37040 is home to a substantial population of 62,137 residents, reflecting a vibrant and growing community. This area supports 23,146 households, indicating a strong base of families and individuals. With 24,628 total housing units, there’s a modest buffer of available properties, which could signal opportunities for buyers or investors looking to enter the market. The balance between population size and household numbers suggests a mix of family-oriented and single-occupancy living arrangements, catering to a variety of lifestyle needs in this region.

Income & Housing Costs

The median household income in ZIP 37040 stands at $65,331, positioning it as a middle-income area with reasonable earning potential for residents. Housing costs align with this income level, with a median house value of $242,400. This price point offers affordability compared to many urban markets, making it an attractive option for first-time homebuyers or those seeking value in their real estate investments. For renters, the median rent is $1,177 per month, reflecting a rental market that remains accessible for a range of budgets. These figures highlight ZIP 37040 as a balanced market for both owning and renting.

Race & Ethnicity

The demographic makeup of ZIP 37040 showcases a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 56.2% White, 24.78% Black, 1.99% Asian, and 10.45% Hispanic residents. This diversity fosters a culturally rich atmosphere, which can benefit businesses catering to varied customer bases and families looking for a welcoming neighborhood. Understanding this mix is crucial for investors and business owners aiming to align their strategies with the community’s unique character.

Key Facts

• Total population: 62,137 residents, indicating a sizable and active community.
• Total households: 23,146, supporting a mix of family and individual living.
• Total housing units: 24,628, suggesting some availability for new residents or investors.
• Median household income: $65,331, reflecting a stable economic base.
• Median house value: $242,400, offering affordability in today’s market.
• Median rent: $1,177, providing accessible rental options.
• Racial diversity: 56.2% White, 24.78% Black, 1.99% Asian, 10.45% Hispanic, highlighting a multicultural environment.

What This Means for You

For homebuyers, ZIP 37040 presents an affordable entry point with a median home value of $242,400, ideal for those looking to settle in a growing area without breaking the bank. The diversity and population size also suggest a community with robust social and cultural offerings. Real estate investors and agents can find potential in the slight surplus of housing units (24,628 vs. 23,146 households), which may indicate room for flipping properties or catering to incoming residents. Small-business owners should note the diverse demographic profile and median income of $65,331, which point to a customer base with varied needs and moderate purchasing power—perfect for tailored services or products. Analysts can use these metrics to benchmark ZIP 37040 against neighboring areas, identifying trends in housing demand or economic growth. Across all groups, this data offers a foundation for informed decision-making.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 37040? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your specific interests.
• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your next home, investment, or business venture.